SEC Form 4 · accession 0001690226-17-000001
Usio, Inc. · USIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Huffman
Director
Period of report
Apr 11, 2017
Accepted (ET)
Apr 13, 2017 · 5:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001088034
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 11, 2017 | C | 22,223 | — | A | 22,223 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | — | holding | — | — | — | Jan 1, 2018 | Jan 1, 2028 | Common Stock | 22,222 | 22,222 | D |
| Restricted Stock UnitsF2,F3,F4 | — | holding | — | — | — | Jan 1, 2019 | Jan 1, 2029 | Common Stock | 22,222 | 44,444 | D |
Explanation of responses
- F1The reporting person received these shares of common stock due to conversion of restricted stock units granted to him on June 1, 2016 and vested on January 1, 2017 for services on the issuer's board of directors.
- F2Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F3The restricted stock units were granted for services on the issuer's board of directors.
- F422,222 of the units vest on January 1, 2018 and January 1, 2019 or upon change of control, respectively.